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Market Blast Video - 05.03.2019

    

Gold shorts are doing well since the peak 2 weeks ago.We are currently at a key level and a break below could see us hit $1278 and lower.

Looking at the US majors we are seeing dollar strength on most pairs and we are at or near key levels on most so we will have lots to watch this week.

 

AUDUSD is at support so watch for a break or a bounce to the next with key psychological levels at $0.70 and $0.72.

Of course, keep an eye on this week’s GDP and Retail Sales from Australia and the US Non-farm Payrolls.

The Japanese Yen has weakened since the beginning of February and we are seeing most pairs near lower trend lines so we will watch to see if the trend continues or breaks below.

We’ve discovered this incredible correlation between the DJI and the price of Crude and we will look at this more next week.

 For now, we see both are in bullish mode and near lower trend lines.

Trading News - Daily Market Analysis

 

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